"Adl va Ensaf" Comparative Law Researches Quarterly
"Adl va Ensaf" Comparative Law Researches Quarterly

Investigating the method of payment of reliance credit in international trade

Document Type : Original Article

Authors

farzad karamikolmoti 1
seyedmohamadhasan malaekehpourshoshtari 2

1 Instructor of Law, Faculty of Law and Political Science, Shahid Chamran University of Ahvaz, Ahvaz, Iran

2 Assistant Professor of Law, Faculty of Law and Political Science, Shahid Chamran University of Ahvaz, Ahvaz, Iran

10.22034/aeclr.2023.342266.1092
Abstract
is faced with the risk of non-delivery of the goods by the seller, so international payment methods In order for the buyer to pay the price of the goods and offer solutions for the delivery of the goods subject to the contract, they are from the seller. Mutual letter of credit, or in the words of some surety lawyers, credit that is a new letter of credit addressed to the creditor beneficiaries of the letter of credit, whether related, by the attestant arising from the letter of credit previously issued by the issuing bank or any other bank. If not related to the first contract, it will be issued as a reliance. Dependence on the birth and life of the letter of credit depends on the existence of another letter of credit, its date precedes the date of the original letter of credit, its currency is not more than the original letter of credit, independence from basic transactions and even the initial letter of credit and the related goods , Is one of the characteristics and conditions of the validity of reliance documents in Iran. The subject of this article is the study of the conditions and rulings governing the validity of reliance documents.

Keywords

Mortgage credit
collateral
creditworthiness
credit transfer
transferable credit
Volume 5, Issue 16
Winter 2022
Pages 105-123

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